Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

16969 Main Street La Puente, CA 91744

3 Beds 1 Baths 1,638 sqft Built 1956

$599,990

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $366.29
  • 2 Days on Market
  • MLS # : PW21150755
  • Updated Date : 07/12/2021 at 07:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,638 sqft
  • Baths : 1 full
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

Excellent opportunity to own a single story home on a corner lot with a spacious backyard. Located minutes away from supermarkets, schools, golf course, and freeways on a 8,470 Sq.Ft. lot.

SEE MORE

MARKET HIGHLIGHTS

  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • Los Angeles has been awarded the 2028 Olympics under a funding commitment of $88 billion to upgrade the transportation infrastructure connecting disparate pockets of the metro area. This is expected to produce additional employment in the coming years. (BCG, 2018)
  • Southern California has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 2018)
  • Southern California produces more technology PhDs per year than any other region in the country and many of the higher educated students stay within Souther California contributing to readily available workforce skills making the area more attractive than Silicon Valley (BCG, 2018)
  • Headquarters to several Fortune 500 companies: Amgen, Farmers Insurance, Walt Disney, Avery Dennison, Activision Blizzard, CBRE Group, Edison International, Molina Healthcare, First American Financial, Pacific Life, Qualcomm and Sempra Energy (Fortune, 2018)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • The area has major technology nodes of excellence: Los Angeles (Media and entertainment); Pasadena (High-tech engineering, data analytics); Riverside (Agtech, transportation/ distribution); San Diego (Healthcare, biotech, wireless communications); Irvine (Medtech, cyber security); El Segundo (Aerospace and defense IT, space transport) [BCG, 2018]

PRICE & RENT TRENDS

Neighborhood: La Puente

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $141k622k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: La Puente

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13152941

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Giano Intermediate School Middle Regular 688 30 2
Nogales High School High Regular 1,959 84 5

Giano Intermediate School

  • Education Level: Middle
  • # of students: 688
  • # of teachers: 30
2
GreatSchools Rating

Nogales High School

  • Education Level: High
  • # of students: 1,959
  • # of teachers: 84
5
GreatSchools Rating
 

$539,991$659,989$599,990

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,084
Property Tax -$646
Property Insurance -$67
Property Management Fees -$127
CASH FLOW
-$324

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$599,990

PROJECTED PRICE

$2,600

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 4.14%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,747

INVESTMENT

$164,747

Down Payment
$149,998
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,998
Loan Amount $449,993
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$17,901

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,600

    LIST RENT
  • $1.59

    LIST RENT PER SQFT
  • $2,838

    COMP ESTIMATED VALUE
  • $1.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,6003$2,6004$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 16969 Main Street La Puente, CA 5
    • 3 beds 1 baths ∙ 1,638 Sqft ∙ Built 1956 3 beds 1 baths ∙ 1,638 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.59
    •  
  • 621 Ocala Avenue La Puente, CA 1
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1959
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.70
    •  
  • 238 Hillcrest Drive La Puente, CA 2
    • 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1973
    LEASED 05/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.85
    •  
  • 15749 Lawnwood Street La Puente, CA 3
    • 4 beds 2 baths ∙ 1,575 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,575 Sqft ∙ Built 1954
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.65
    •  
  • 331 Vidalia Avenue La Puente, CA 4
    • 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1960
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.73
    •  
PROPERTY LISTING DETAILS
Claudia Lissin
Berkshire Hathaway Homeservice
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21150755
Last Updated: 07/12/2021
BESbswy